Consolidate your debts

  • Reduce your monthly repayment amounts with long repayment periods of 12 to 72 months and save on interest expenses with a personalised interest rate.
  • Meet your financial needs with loan amounts of up to 21 times your monthly salary or HKD1,200,000 (whichever is lower).
  • Consolidating your borrowing can help you free up extra cash for your day-to-day expenses.
  • You don't need proof of income if you’ve kept a payroll account with HSBC for the past month.
Repayment example for Balance Consolidation Program at loan amount of HK$200,0001
 

Credit Card Bills

HK$200,0002

Transfer to Balance

Consolidation Program3

Average monthly repayment amount
HK$7,881 HK$3,378
57%
Repayment period
378 months
72 months 
81%
Total interest expense
HK$331,986
HK$43,216 
87%
Repayment example for Balance Consolidation Program at loan amount of HK$200,0001
  Average monthly repayment amount

Credit Card Bills

HK$200,0002

HK$7,881

Transfer to Balance

Consolidation Program3

HK$3,378
57%
  Repayment period

Credit Card Bills

HK$200,0002

378 months

Transfer to Balance

Consolidation Program3

72 months 
81%
  Total interest expense

Credit Card Bills

HK$200,0002

HK$331,986

Transfer to Balance

Consolidation Program3

HK$43,216 
87%
  • You must be a Hong Kong resident
  • You must be at least 18 years old
  • You must have a monthly income of at least HKD7,500

Loan resources and services

 
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Find a suitable loan product to match with your specific needs by answering a few simple questions.

 

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Fixed monthly payments so you can plan accurately.

 

Redraw against your loan without having to reapply.

 

Only pay interest on the credit you use rather than a fixed monthly payment.

 

Extra cash and financial flexibility to realise your personal goals. Convert your available credit limit into instant cash or transfer the outstanding balance from other credit cards to your HSBC credit card account.

To borrow or not to borrow? Borrow only if you can repay!

Remarks

  1. The repayment example is for reference only. Actual interest expense amount that can be saved is determined on a case-by-case basis (it depends on various factors such as the outstanding balance of credit card that a customer currently holds, interest rate charged by the respective credit card, monthly repayment amount, repayment period as well as the amount of Personal Instalment Loan Balance Consolidation Program approved by the Bank, loan repayment period, interest rate and monthly repayment amount). For details of interest calculation and the loan features, please contact our staff.
  2. This example is calculated based on an annual interest rate of 30% charged by general credit card and a monthly repayment of all fees and charges billed to the credit card followed by 1.5% of the credit card outstanding balance or HK$50 (whichever is higher) over 378-month repayment period. The average monthly repayment amount quoted above is calculated based on the first 3 instalments and is rounded to the nearest dollar. The Annualised Percentage Rate (APR) is 34.46%. It is calculated according to the method set out in the relevant guidelines referred to in the Code of Banking Practice, and is rounded up or down to the nearest two decimal places. The total interest expense over the whole repayment period quoted above is rounded to the nearest dollar.
  3. This example is calculated based on a monthly flat rate of 0.3% over a 72-month loan repayment period for a Personal Instalment Loan Balance Consolidation Program. The APR is 6.90%. It is calculated according to the method set out in the relevant guidelines referred to in the Code of Banking Practice, and is rounded up or down to the nearest two decimal places. The APR calculation included the handling fee waiver. Please note that the actual monthly flat rate, APR, monthly repayment amount and total interest expense applicable will be subject to the Bank’s final approval of the Personal Instalment Loan Balance Consolidation Program for individual customers. The average monthly repayment amount and the total interest expense over the whole repayment period quoted above are rounded to the nearest dollar.
  4. Please note that we do not appoint any third parties to refer Balance Consolidation Program applications to us and will not process any application that was referred by a third party under beneficial arrangement. For enquiry, please call our hotline at (852)2233 3000.